Zak9 Jun 2025 09:45
CAP-XX (CPX), a world leader in the design and manufacture of thin, prismatic supercapacitors and energy management systems, provided an update for the five-month period ended 30 May 2025. The Company is also announced the appointment of a new Interim Chief Financial Officer. The Company has maintained a strong cash position as a result of cost-saving initiatives and an ongoing emphasis on operational performance and efficiency. Cash as at 31 May 2025 was AUD 4.2 million (AUD 5.0 million as at 31 January 2025). The Company will also be applying for an R&D tax credit shortly after year end (30 June 2025) as usual.
Comment: It has been something of a mystery, given the decent newsflow in the interim, including todays, why shares of CPX have been capped at the 0.2p level. Presumably, there is still an historic overhang in the stock yet to be chewed up?